Info Aqualung Financial Troubles

Please register or login

Welcome to ScubaBoard, the world's largest scuba diving community. Registration is not required to read the forums, but we encourage you to join. Joining has its benefits and enables you to participate in the discussions.

Benefits of registering include

  • Ability to post and comment on topics and discussions.
  • A Free photo gallery to share your dive photos with the world.
  • You can make this box go away

Joining is quick and easy. Log in or Register now!

when your revenue is around $25M

That is..... generous? The most recent P&L put it at $18m (£14,360,722 to be exact), which is 28% lower than your estimate.
 
The first piece has been sold off (Aqualung, Apeks, Omer, Aquasphere, Military Professional, U.S. Divers, and Stohlquist)

Aqualung Group, the global leader in manufacturing diving equipment and high-performance water sports, announces the successful sale of its historical snorkeling brand US Divers to the California-based company Aqua Master Sporting Technology Co LLC.

The sale of US Divers is part of the Aqualung Group’s strategic business orientation to exit the Swim Snorkel Paddle business in North America, already initiated in 2023, and accelerate its transformation by focusing on its core markets: diving equipment and provision of equipment to Military and Professional customers.

Are we taking bets on which piece is next?

 
I didn't even know that the US Divers brand still existed, the name is probably worth something
 
Think Costco, Target, Walmart...

1712781091629.png
 
I didn't even know that the US Divers brand still existed, the name is probably worth something
From one of the purse releases: "In 2003 US Divers became Aqualung America, with the original name retained by the group’s snorkelling line. "

They are sold by general retailers like Target, not dive shops.
 
The US Divers name was too well known to just drop, so it was used on mass produced bargain gear sold at big box, discount and other such stores. It was and still is of pretty good quality and is probably OK even for beginning scuba instruction (at least the pool). I think I still have a NOS USD mask for backup.
🐸
 
I guess congratulations are in order now that Yifei Huang (named after the Chinese actress I guess ) now has acquired the US Divers brand. Pity when she finds out it's scuba snorkelling kit and not the US Olympic springboard diving team. Just Saying.

Incidentally The wonderful sounding Aqua Master Sporting Technology Co started life just a month before the take over and the corporate address for said company of 1564 Berkshire Ct, San Marcos CA 92069
turns out to be a four bedroom 3 bathroom 2938 square foot private house.

My guess three of the bedrooms are going to store the fins while 2 of the bathrooms maybe the snorkels.
 
In addition.

The dynamic Richard Vaughn director of Aqualung dive sales, product and technical services for North America appointed in September 2023 never quite made it as a director in Aqualung employment to the year end.
He was last heard back in September last when he started as director of dive sales yada yada stating that he was exited and honoured to take the next step in continuing the legacy of the iconic Aqualung brand.

“Richard’s knowledge of the dive industry and years of experience make him the perfect person to lead the dive division. “Equipped with a team that is both seasoned and passionate, we are excellently positioned to elevate the company’s operations and performance while maintaining sustainable growth.” he stated.

The Aqualung Group product portfolio includes premier dive and swim equipment brands including Aqualung, Apeks, Omer, Aquasphere, U.S. Divers and Stohlquist

Well not any more it does. Wonder if he needs Yifei Huang's cell number LOL
 
Back
Top Bottom